TRAVERSE CITY, Michigan (AP) - Despite the headwinds of a slumping U.S. economy, tight credit, high gasoline prices and declining home values, Ford Motor Co.'s top American executive said he is confident the company has enough cash to weather losses and make a profit again.
But Mark Fields, Ford's president of the Americas, told reporters at a dinner Tuesday night that there will be a lag time before the company can start making profits on the small cars U.S. drivers are now craving.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!